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Questions tagged [manufacturing-jobs]

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Why Is Having a Strong Manufacturing Base Important to a Country's Economy?

I was living in Pittsburgh in my teens and twenties during the collapse of the steel industry and remember how profoundly it impacted Pittsburgh. Some say that due to the large percentage of the ...
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28 views

Is the porportion of manual labor increasing?

Broadly speaking, manual labor is producing a physical good or service. A plumber cannot write an algorithm to fix clogged pipes and sell it to desperate homeowners. Manual labor varies widely in ...
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1 answer
68 views

Comparing manufacturing and services sectors with respect to the scope for division of labor

In the Wealth of Nations, Adam Smith compares agriculture and manufacturing and concludes that due to the reduced scope for specialization in the former as compared to the latter, those economies that ...
1 vote
1 answer
37 views

Characterizing goods by R&D costs

Is there a name for distinguishing manufactured goods requiring little/no R&D and ones requiring high/sustained R&D costs? Do these two types of manufactured goods have a name in economics? ...
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Is there contradiction between automation created resilience and the full employment (with high wages)?

From the one side - full employment with the high wages (but still under the level of creating inflation threat) is nice thing and politicians and central banks are highly motivated to achieve this. ...
1 vote
0 answers
29 views

Is there contradiction between ''job creation" and "growth" as implemented by automation?

Joint goals of job creation and sustainable growth are the main goals of majority of EU funding schemes. E.g. European Innovation Institute explicitly states in its mission https://eit.europa.eu/who-...
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How to deal with automation?

50-year-old truck drivers can't retrain to become programmists or anything (on a large scale, at least): plainly biologically, their old brains are way worse at absorbing new information and get new ...